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ABA Journal Features FSVC's Peer-to-Peer Model

A Peer-to-Peer Banking Investment

 

By Kerry O’Leary

Ask American bankers the underlying principles of their work and you will hear common themes: stimulating the economy, creating jobs, helping people succeed. Ask bankers in Kenya, Jordan or Albania, and you’ll hear the same thing—but their financial environment is starkly different than that of the United States.

The Financial Services Volunteer Corps—a 25-year-old nonprofit that connects banks and regulatory agencies in developing countries with partners and expertise in developed markets—has a mission to help countries like the ones mentioned above create and sustain stable financial frameworks and practices. FSVC sends volunteer experts in financial services to emerging markets around the world to carry out this mission.

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